Wednesday, October 14, 2009

Good Earnings News

Intel reported surprisingly good earnings and revenues last evening. From Briefing.com:

"Reports Q3 (Sep) earnings of $0.33 per share, $0.05 better than the First Call consensus of $0.28; revenues fell 8.0% year/year to $9.4 bln vs the $9.04 bln consensus. Intel reports Q3 gross margin 57.6% vs 55.5% consensus and prior guidance to upper half of 51-55% range. Co issues upside guidance for Q4, sees Q4 revs of $9.7-10.5 bln vs. $9.51 bln consensus. Intel guides Q4 gross margin 59-65% vs 56.7% consensus ... "

"China had a particularly strong qtr. US continued to ride strong consumer sales with the back-to-school cycle exceeding co's expectations... Channel sales out have shown healthy sequential growth for three quarters in a row. Inventory in the channel remains slightly below normal levels ... "

From memory, a majority of Intel's revenues come from overseas sales. This is my thesis for the call option purchases with expiration dates well beyond earnings reports. In hindsight, I suppose I should have included Intel in the stock selections. Oh well ...

Actions

Doing nothing but sitting and awaiting earnings reports from the companies in my call option book. As mentioned before, if the stocks ramp strongly into earnings, I'll likely take some profits pre-earnings. Also, hitting S&P 1100 will likely induce me to take partial profits as that was part of my initial plan. I don't usually change a plan if and as it works out. Doing that without new good cause seems to very bad luck - perhaps it shows hubris and angers the trading gods.

Word of the Day

"Recondite" - adjective [$10] an old word from the card file
Recondite means 1. hidden from sight: concealed; 2. incomprehensible to one of ordinary understanding or knowledge: deep; 3. of, relating to, or dealing with something little known or obscure.
Sentence: After listening to Sen. Olympia Snow's reasons for voting for the committee version of ObamaCare, her true reasons remain recondite. All she really said was the "something" needed to be done. Wow, such erudition ! Not ! Fool or knave ? I suspect "fool" in this case. A knave would surely have had a better reason.

47 comments:

Bunkerman said...

sheesh, now even private equity is reading this blog ...

"Stephen Schwarzman also said he was seeing "more than green shoots" of economic recovery,"

Bunkerman said...

omg, Byron Wien reads the blog, too.

he was talking about a 1200 S&P year end target.

gosh, all this for not $6K, but free !!!

;)

mfl59 said...

you'd better hope Wein doesnt read this blog...

"wrong way Wein" indeed

Bud said...

was the uptick rule reinstated ?? did i miss it ??


whining babies.............market on a tear..........uptick rule is irrelevant

Bud said...

dollar cratering


and the Bman says my purchasing power ain't goin down.......huh???

Bud said...

atta boy Bman..............get those sell orders ready...............beefer style



nic nie robię indeed

Bud said...

steve shwartzmann is one of the smartest guys in the world...........the man is a wizard..........a genius.........i beleive anythin he says

Frosty said...

happy dow 10k day Bunky...don't listen to Sal...he just wants you to drop $...rooting against you...sick sadistic bastard.

mfl59 said...

alert...Mantis has gone SIZE on the Yankees....alert....alert

Bud said...

who needs to wake up at 3am ???
unbelievable emini ping-pong action right off the open

sorry frosty .......made some money today..............maybe i lose money later.........i know that will make some of you very happy


thanks for your support Bman...........i need all the encouragement i can get........especially if it's sincere and genuine

mfl59 said...

no worries Bud...we knwo when you make money and when you dont...


phil ivey you are not good sir...

Spin-em said...

ding!!!Lloyd Teller Braun..up another 8%.....gunna win that waterpick

Spin-em said...

DING!!! $10000

Spin-em said...

DING 14000

Spin-em said...

DING 6000

Frosty said...

jsweck private mail...his pet monkey is up 100% since july...well played indeed sir....here is a banana.

Spin-em said...

sith lord up 100% in Sept...bought a new boat..."MNKEEBNIZ"

mfl59 said...

jsweck up 100%...sith up 100%...Chief up 101%...just because....

Spin-em said...

angry paul's potatoes still fn cold

Mikey said...

is Zeta buying more real estate ?

Spin-em said...

10,000 !!!!!YIPPPPEEEEYIYOKAYEAAAAA MFR's...IM A HUNDREDAIRE!!!!!!

mfl59 said...

Bunkerman what shorts are you looking to put out today good sir?

Frosty said...

see Mikey looking for a turn on swing watch...Sal on the ledge..."mern up 100% all the while bogarting geriatric kooch"

Spin-em said...

2 butterscotch's for every heater delivery....

Bunkerman said...

shorts ?
too soon, in my opinion.

S&P 1200, remember.

Bunkerman said...

sold CAT calls - 100% gain.

That's become my sell signal for now.

Frosty said...

"Markets like this one just don't present many opportunities for traders like me."...thx jim

mfl59 said...

LMAOOOOOOOOOOOOOOOOO

"that will be 6k please"

Bunkerman said...

Huh ... no 100% gain high fives from Dzim ?

Dziękuję, Kuba, dla niczego.

Bud said...

that's awesome Bman !!!

i shud have followed you on CAT............100%.........that's a f'ng grand slam over the green monster

Bud said...

hey Bman...........quick question


is GS goin to 200 ??



guttin it's own beefer my ass

Bud said...

holy smokes


what an incredible day in the eminis........wish i was doin this years ago...............you were right bob.....i was wrong.............there is money in these options

Spin-em said...

muy bien indeedo bman

Bud said...

what a monster day at sharkinvesting.com !!!!


CLFD 50cents........SBGI 70cents.....LIZ 70cents.......JADE 60cents............4 blip hits.........yup.......i touched home plate



DANKE VIELMALS JIM !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Mikey said...

honestly, Frosty..i thought we were just reminiscing.....LOL

Spin-em said...

WAAAAAAY TO GO BUD!!
ATTABOY TIGER!!!
KEEP UP THE GREAT WORK!!!
SO HAPPY FOR YA!!!
YOU WORK SOOOO HARD...
COULDNT HAPPEN TO A NICER GUY!!

Bud said...

hey ace...................how's my phil ivey today ???




pocałuj mnie w dupę !!!!!!!!!!!!

mfl59 said...

Spin...I wonder how Bud is doing today....any ideas?

Spin-em said...

Joe Hachem he's not..more akin to Phil Hellmuth

mfl59 said...

actually I was thinking a Mike Matusow type...but take your pick...

Spin-em said...

Matusow loudmouth soup but he doesnt cry...Hellmuth fits both..he owns a spin doctor too

Bunkerman said...

LMAOOOOOOOOOOOOOOOOOOOOOOOO

I just heard some guy on Blabberg say that those overpaid Geitner cronies are "honest"

Bullbleep !

I knew one of them years ago and he was a sleaze, liar, knave.

Bunkerman said...

the swine tried to steal money from my long term client.

mfl59 said...

Look, I'm sure the guy had his reasons Bunkerman...

Bunkerman said...

hahahahahaha

yup, he wanted a bigger bonus.

Spin-em said...

aye carumba!!!..muchachos de bunker en fuego!!!..caliente!! miguel NJ25,NC gallo,roberto pollo..son los mejores

Spin-em said...

WARNING!!.si with the Johnny Paycheck take this job and shove it indicator...lol